[ad_1]
Source: Caijing.comAuthor: a Hideyoshi2020-11-27 12:08
Caijing Auto News SAIC, Zhangjiang Hi-Tech and Hengxu Capital have established a 7.2 billion investment fund for Zhiji Auto.
On the evening of November 26, SAIC Motor and Zhangjiang Hi-Tech subsequently published announcements stating that SAIC, Zhangjiang Hi-Tech and Hengxu Capital will jointly finance the establishment of the Shanghai Yuanjie Intelligent Technology Equity Investment Fund Partnership (Limited Partnership) (of hereinafter referred to as “fund”).
The total capital contribution subscribed by the three parties is 7.2 billion yuan, of which the SAIC Group has subscribed 5.399 billion yuan, Zhangjiang Hi-Tech 1.8 billion yuan and Hengxu Capital 100 million yuan. According to the contribution ratio of the subscribed capital, the SAIC Group holds 74.986% of the fund; Zhangjiang Hi-Tech holds 25%; Hengxu Capital holds 0.014%. Zhangjiang Hi-Tech pointed out that the fund for this investment is still in the process of being set up.
According to Tianyan Check data, the current controlling shareholder of Zhangjiang Hi-Tech is the Zhangjiang Group. Zhangjiang Group is a wholly owned subsidiary of the Shanghai Pudong New Area State Asset Supervision and Administration Commission. SAIC holds a 40% stake in Hengxu Capital, but is not the largest shareholder.
SAIC Group believes that this investment will fully benefit each partner’s benefits in the fields of artificial intelligence, autonomous driving, chips and new energy vehicles, which can enhance the brand competitiveness and influence of the SAIC Group and accelerate the development of innovation, transformation and updating.
The special fund plans to cooperate with Alibaba (including its designated subordinate investment entities) to specifically invest in high-end pure intelligent electric vehicle projects (provisionally referred to as “Zhiji Auto”).
On the same day, the SAIC Group announced the official arrival of the “L Project”, or “Smart Auto”. Zhiji Auto is jointly built by SAIC, Pudong New Area and Alibaba Group.
According to SAIC, Zhiji Auto is positioned in the high-end pure electric market and will build a new electronic and electrical architecture, open the electronic control unit from the bottom, apply data transmission, rebuild the user experience and encourage users to do a high degree of customization.
SAIC executives revealed at the press conference that “the funding round for this project has reached 10 billion yuan, the largest among the new forces to build cars.” Among them, SAIC invested 5.4 billion yuan, Pudong Zhangjiang invested 1.8 billion yuan, and Ali and others invested 2.8 billion yuan.
SAIC and Pudong Zhangjiang invested a total of 7.2 billion yuan, corresponding to 7.2 billion of investment funds in the announcement.
According to Shanghai Automobile News, there are currently more than 200 members of the Zhiji Auto project, half of whom are from the SAIC group. It is estimated that by the end of this year the number of people in the project will reach 300 and it is expected to increase exponentially by the end of next year.
However, in the current high-end electric vehicle market, Tesla and Weilai already have a relatively complete product portfolio. The Aeon GAC series initially opened the market. FAW and Dongfeng are promoting the creation of high-end electric brands. The unveiled Zhiji car represents a considerable challenge.
Source link
